Fiberglass Flooring Market Size, Share & Industry Analysis By Product (Luxury Vinyl Tiles, Vinyl Composite Tiles, Vinyl Sheet), By Application (Residential, Commercial, Industrial) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI102906 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Fiberglass is a type of fiber-reinforced plastic which are randomly arranged and flattened. It is used as an assistance material in flooring products in construction applications. It is a kind of waterproof flooring which also offers cushioning, realistic designs and textures. Fiberglass exhibits superior properties like non-magnetic, non-conductive nature, transparency towards Electromagnetic radiations and versatile applications as compared to metals.

The fiberglass flooring market is driven by the growing consumer demand for flooring along with rise in disposable income. Moreover, cost-efficiency and environmental sustainability are likely to draw consumers. Fiberglass flooring, is favoured even in non-residential purposes, mainly due to its secure fixing, ease of installation & maintenance, and exceptional aesthetic value.

However, fluctuating prices of raw materials silica sand, limestones and soda ash is likely to hinder the market growth.

Key Market Driver -

Cost-efficiency & sustainability of the flooring.

Key Market Restraint -

Fluctuating prices of raw materials.

Market Segmentation:

Based on the type, the market is segmented into Luxury Vinyl tiles, Vinyl Composite tiles, Vinyl sheets. Based on application, the market is segmented into Residential, Commercial and Industrial.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global is fairly fragmented, with a number of global & regional players operating. Some of the key players in the market includes include IVC Group (Mohawk Industries), Shaw Floors, Mannington Mills, NOX Corporation, Armstrong World Industries, Milliken, Gerflor, Tarkett and Others.

Key Insights

New Advancements in Production Technologies

Key Trends in the Fiberglass Flooring market.

New Product Launches, Expansions, Key Players

Ranking of Key Players in the Market

Regional Analysis:

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The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to show significant growth rate due to increase in residential and commercial buildings construction along with strong R&D expenditure. Increasing demand for industrial parks, malls, hotels, theme parks, hospitals, government & residential sector has resulted in the growth of the construction industry in the region. Attributed to the Bogota Urban Renewal Scheme, to create Bogota region by means of Industrial, commercial and technical centre, Latin America is expected to show immense growth. North America is expected to show significant growth due to growth in construction sector. Europe is estimated to show growth due to rapid industrialization in countries like UK, Germany and France. Middle East & Africa is anticipated to show sluggish growth.

Segmentation

ATTRIBUTE	DETAILS
By Product	Luxury Vinyl Tiles Vinyl Composite Tiles Vinyl Sheet
By Application	Residential Commercial Industrial
By Geography	North America (U.S., and Canada) Europe (UK, Germany, France, Italy, and Rest of Europe) Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East & Africa (South Africa, and Rest of the Middle East & Africa)

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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